Property Brokers in Dubai : List of Property Brokers in Dubai with contact details including company names, contact details, telephone numbers, email addresses, websites, location map, driving directions, deals, offers, prices, costs, coupons, vouchers, reviews and ratings. You probably aren’t the only person who is confused about the difference between a property agent and a property broker in Dubai. Your confusion is understandable because there are both similarities and important differences. Actually, to complete the sale or purchase of your home, you will need the services of both property agent and a broker – but not at the same time, and not for the same purposes. Let’s start with a very simplified description of each property representative:

A property agent is a person who is licensed to sell property. The agent cannot work independently: he or she must work under the supervision of a property broker. A property broker in Dubai also is licensed to sell property but has taken additional education courses and passed a broker’s license exam. The broker can work entirely independently, or may hire agents to work with him or her in a brokerage, or may become a co-broker, working with other brokers in a joint business relationship.

Dubai city has specific requirements for becoming a property agent. The requirements vary, but generally include completion of a minimum number of property classes and passing a property exam to become licensed. Upon successful completion of the coursework and licensing exam, new agents must be sponsored by and work with a property brokerage. Property agents function as property salespersons under the supervision of the broker.

This will be a valuable learning period and one of the primary ways in which an property agent begins to build a clientele. The property broker in Dubai already is a licensed agent with a number of years of property experience and who chooses obtain a broker’s license. The agent will be required to complete additional property-related coursework, pass the state-mandated broker’s exam and become licensed as a property broker. Property brokers in Dubai are held to a higher standard of industry knowledge.

Property brokers in Dubai are responsible for the actions of their salespersons (the property agents) and oversee all activities of the brokerage. He may serve as a mediator if there is a conflict between client and agent. She may step in to help with more complex negotiations.

The broker is the person to whom the sales commission is paid at the successful conclusion of a property transaction. The broker determines how to split the commission with the property agent who was directly involved in the transaction. The broker also has the fiduciary responsibility for receiving the “earnest money” deposit from the home buyer, opening an escrow account and depositing that money in the account.

Do you need both an agent and a broker? The short answer is yes. Sometimes, the agent and broker are one and the same person. Whether purchasing or selling a home, you will be working with a licensed property agent. As the transaction reaches the point where money is transferred, the broker will be handling the escrow deposit process. And if any conflict arises or assistance is needed during negotiations, you and your agent will call upon the experience and skills of the broker. Ultimately, both the property agent and the property broker in Dubai are your allies and advocates throughout the sale or purchase of your home.

There are different types of property broker services in Dubai that are specific for either buyer or seller. They also give advice about pricing negotiations and may also provide rental management services for property owners who want to rent a commercial space, house, or apartment to tenants. Some property brokers in Dubai specialize in both residential and commercial property services or in just one field. If you are a buyer that has purchased a residential or commercial property as an investment to make income each month by renting them out you may hire a property broker in Dubai who offers landlord services. This type of property agent will find and screen tenants along with collecting rents from the tenants.

One important reason that buyers and sellers like to use their services is that property brokers in Dubai have access to information that they do not. The services of a property broker can include showing the sellers or buyers comparisons of similar properties within the same area. These can help the buyers understand if the seller is asking a reasonable price on the property they are considering buying. For the seller they can help them to decide on a fair price to ask for the property that they are selling.

A broker also has access to the Multiple Listing Service (MLS) which is a list of properties, both commercial and residential, that are for sale complete with the information about the grounds and building, the property taxes due each year, and the prices of the properties. One of the main services that a property agent offers is showing residential and commercial properties whether it is for the seller’s property to interested buyers or for the buyers to view properties for sale. Many times the property broker in Dubai will represent the seller by include marketing services like planning and then administering an open house to get buyers to the property to view it.

Another regular service provide by such agents is giving their clients, whether it is a seller or buyer, advice. An agent must be objective and provide their clients with all the information that is known about the property. There are some cases where a property broker will offer services that include representing both the buyer and seller so this is why objectivity is so important in order to avoid a conflict of interest. To know just what services a property agent offers and the fees charged a contract must be signed by both the seller or buyer and the property broker.

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New app lists top 100 property brokers in Dubai. The Dubai Brokers app also helps people easily identify legitimate brokers, as well as check if their licence to practice is up to date.The Dubai property watchdog has for the first time ranked the top brokers working in the emirate in a bid to boost transparency and prevent fraud. It means that buyers and sellers of property can check that property brokers are registered, as well as how many deals they have closed.

The Dubai Land Department (DLD) yesterday revealed details of a new app that provides details of all registered property brokers working in the emirate. Dubai Brokers can be downloaded both through Apple’s App Store and Google’s Play Store. It is aimed at providing greater transparency and preventing potential fraud.

The DLD’s director-general, Sultan bin Mejren, said that brokers were an important link between property buyers and developers. The new app not only provides confirmation of their status, but also ranks the top 100 brokers, although this is based on the number of transactions rather than user ratings.

The top-ranked broker was Heather Tait of Espace Real Estate, who has completed 242 deals since she was initially registered as a broker with the Dubai Land Department in September 2009.

“The department has made unremitting efforts over the past few years to provide a lot of smart services that aims to alleviate the burden on dealers to carry out a broad spectrum of transactions,” Mr bin Mejren said.

A spokesperson for the department added that the aim of the app was to help people easily identify legitimate brokers, as well as check if their licence to practice was up to date.

Since last year, any broker seeking to renew his or her licence has had to pass a test. It also cancels licences of any agents who go more than six months over the renewal date.

In the past, people posing as brokers have taken cheques from clients who thought they were paying to buy or rent a property, only to later find that they were victims of a scam. In August 2012, the chief executive of the agency Shamyana Entertainment Services fled the country with about Dh6 million in cheques that were paid to him by tenants to cover rents but these were not passed on to property owners.

Dubai Land Department (DLD) has announced that brokers in the emirate earned over Dhs820m in commissions during the first six months of this year.

There are now 5,856 active brokers and 2,340 offices registered in DLD’s database, it said.

Yousuf Al Hashimi, deputy executive director of RERA – the regulatory arm of DLD – said: “Brokers play an essential role in our sector, representing the forefront of real estate activity, acting as a very important link between sellers and buyers.

“Our brokers come from a variety of different nationalities, so they have the ability to provide a true picture of the global investment environment that characterises Dubai. As part of their rights, there is a set of laws that defines and regulates their commissions.”

The DLD recently revealed that the emirate recorded a 16.8 per cent increase in the total value of real estate transactions in the first half of 2017, compared to the same period last year.

The value of transactions for the first half totalled Dhs132bn compared to Dhs113bn in the first half of 2016. This was also 2.3 per cent more than the Dhs129bn recorded in H1 of 2015.

Dubai saw a 16.8 per cent increase in the total value of real estate transactions conducted in the emirate in the first half of 2017 compared to the same period last year, according to Dubai Land Department (DLD)

The figures for the first six months of 2017 will be seen as a sign of market recovery for property owners and developers, which have endured more than a year of stagnant or declining rental and sales rates. The value of transactions for the first half totalled Dhs132bn ($35.9bn) compared to Dhs113bn ($30.7bn) in the first half of 2016. This was also 2.3 per cent more than the Dhs129bn ($35.1bn) recorded in H1 of 2015.

There were also 25.91 per cent more sales, mortgage and other transactions in the period to June 30 from 28,251 last year to 35,571 this year.

By category, Dhs91bn and around 8,000 transactions were for land, building sales totalled Dhs10bn across 3,887 transactions and unit sales crossed Dhs31bn and 24 transactions.

“Our report for the first half of this year bears promising results for professionals in the real estate sector, as despite global economic pressures, Dubai has once again reaffirmed its leadership of regional markets and driven renewed growth in the region,” said HE Sultan Butti bin Mejren, director general of DLD.

Investment by nationality

Emiratis were the top investors completing 4,510 transactions worth Dhs15bn. They were followed by Saudi nationals with 1,936 transactions worth Dhs5bn as the total value generated by GCC investors increased 16 per cent to 7,665 transactions worth Dhs21.7bn.

Egyptians and Jordanians were the top Arab investors outside of the GCC, with the value of investments by this group increasing 25.5 per cent to Dhs8bn and the volume by 40 per cent to 4,654.

Indian, Pakistani, British, Chinese and Canadian nationals were the top foreign investors with a 35 per cent increase in volume to 15,062 and 34 per cent increase in value to Dhs28.6bn.

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